World goods trade up sharply: WTO

1st September 2010, Comments 0 comments

The value of world merchandise trade rose by just over 25 percent in the second quarter, maintaining the momentum from the first three months of the year, World Trade Organization data showed Wednesday.

Exports were up 26 percent compared to the second quarter in 2009 while imports were up 25 percent.

Emerging giants continued to lead growth, with China posting a 41 percent gain in exports by value while imports jumped 44 percent compared to the second quarter last year.

India's exports and imports were up about a third, while Brazil imported 56 percent more and exported 29 percent more.

Exports from the United States also grew, while those from Europe were up 13 percent.

The data also indicated that commodities were dearer during the period, with metal prices up over 45 percent and crude oil and energy prices up by just over 30 percent.

© 2010 AFP

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